First you have the idea. Then, after considerations, you decide that yes, this is something I want to do and it can earn me a living. Before you know where you are you have registered a business, got some business cards and a lap top or whatever your business needs and started getting your name out there. But what about your business plan? What about your business finances? What stage are you at? Give us a call and have a chat.
When setting up your own business there are a few choices to make. One of them is the legal form your business is going to take. Should you set up as a Sole Trader or Limited Company? We will discuss the options with you and help you decide the best legal form for your business.
This is all standard compliance. We can explain about all the different taxes and the different year-ends that you need to be aware of. We will also advise you on how and when tax needs to be paid. When working with us we take all of that pain away for you and ensure you never miss a key date.
HMRC sets the standards on how long you need to keep your business records for. We can help and advise you on what you need to keep and how long for. We will also provide you with some cloud storage solutions to consider.
This will very much depend on how much money you think you can earn and how much time you will need to give to the business to achieve that income. A business plan should look at all of this. We can advise you accordingly so you make the best-informed decision.
What is tax-deductible and what isn't? What does tax-deductible even mean? We can help you understand the jargon and what you do with your business expenses and how they impact your profit. We can advise you what you can claim ie use of your home, mileage allowances etc.
Your "Why?" is the single most important question you need to answer. What is your "why?" Why are you doing this crazy thing. What is it you want to get out of your business? For us to really help you we need to understand this. We’ll take the time to deep-dive into your business, understand your goals for the business and your hopes and dreams for yourself. Where do you see your business in 1yr, 5yrs, 10yrs time? How much do you want to get paid for the work you are going to do?
So what next for you? Do you have other questions? Not sure what to do? At the moment, your business opportunity is a "blank canvas"...you have the opportunity to sketch out and plan how you can make your business work, what finance you may need, where you will work, will you need employee's, how to get your product or service to market. Write it down, and then review what you have written. Make adjustments if necessary...and then find the right people to meet to get your business started....take it from the embryonic stage into a fully fledged, detailed and financed opportunity.
I am a firm believer of a Benjamin Franklin quote..."If you fail to plan, you plan to fail".
Give us a call so we can have a chat - no obligation. Don't feel alone....there are people out there prepared to help you.
Choose us because you need a high-end quality service and you recognise the benefit of working with a progressive, cloud accountancy practice. We should always be considered as an investment in the success of your business. Choose us because you want to work with a friendly, reliable team that genuinely cares about you and your business. Choose us because we Make A Difference.
We talk to you on an even level, without the jargon
We take time to understand the services you need
We deliver our services with excellence
We help you to grow your business
We ensure you are tax efficient.